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do you pay capital gains on inherited property

1Answers
CharlesFitz
11/28/2025, 06:30:25 AM

In the United States, you typically don’t owe capital gains tax on any appreciation that happened before you inherited a property. Instead, the property’s cost basis is “stepped up” to match its fair market value as of the date of the previous owner’s death, meaning taxes are only owed on gains that occur after you inherit and later sell the property.

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